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As MSG Stock Goes Down, Prokhorov Ups Gold Output
Link
marketwatch.com
The lockout is having a negative effect on James Dolan's company while the world economic crisis is having the opposite effect on Mikhail Prokhorov's prospects. Merrill Lynch on Tuesday downgraded the stock of Dolan's MSG, noting the lockout would cut revenues--about $1 million per missed game. The stock price dropped 2.5%. Meanwhile, with investors driving up the price of gold to record highs, Prokhorov's Polyus Gold said it will double its output in three years.
